Doug in NC
Elite Member
- Joined
- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Anyone else catch this show this weekend? One scene shows the appraiser telling the borrower face-to-face that the appraisal was coming in below the sale price.
I have to tell you, I don't make it a point to meet personally with the borrower when my appraisals come in below sale price. Now I can only assume that the lender did give the appraiser the go-ahead to discuss the appraisal with the borrower, but it angers me that television promotions like this are giving the impression that this type of thing is our obligation to homeowners. Fortunately, in most instances in recent years, my clients have insulated me from what are often contentious discussions.
I won't go into the house flipper show that repeatedly announces the real estate agent showing up to "appraise" the remodeled house before putting it on the market. m2:
I have to tell you, I don't make it a point to meet personally with the borrower when my appraisals come in below sale price. Now I can only assume that the lender did give the appraiser the go-ahead to discuss the appraisal with the borrower, but it angers me that television promotions like this are giving the impression that this type of thing is our obligation to homeowners. Fortunately, in most instances in recent years, my clients have insulated me from what are often contentious discussions.
I won't go into the house flipper show that repeatedly announces the real estate agent showing up to "appraise" the remodeled house before putting it on the market. m2: